LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Evoqua Water Technologies Corp. To Contact The Firm

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Nov 29, 2018, 16:02 ET

NEW YORK, Nov. 29, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Evoqua Water Technologies Corp. ("Evoqua" or the "Company") (NYSE:AQUA) of the January 7, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Evoqua stock or options between November 6, 2017 and October 30, 2018 and would like to discuss your legal rights, click here: www.faruqilaw.com/AQUA. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Evoqua securities between November 6, 2017 and October 30, 2018 (the "Class Period"). The case, McWilliams v. Evoqua Water Technologies Corp. et al, No. 18-cv-10320 was filed on November 6, 2018, and has been assigned to Judge Alison J. Nathan.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Evoqua failed to successfully integrate its prior acquisitions; (2) Evoqua was experiencing supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project; and (3) as a result of the foregoing, Evoqua's public statements were materially false and misleading at all relevant times.

Specifically, on October 30, 2018, Evoqua announced disappointing preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018. The results were below the Company's and analyst's expectations. Evoqua said the shortfalls were "primarily due to acquisition system integration issues, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project."

On this news, the Company's stock price fell from $13.80 per share on October 29, 2018 to $9.02 per share on October 30, 2018—a $4.78 or 34.64% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Evoqua's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

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